US congress report: Egypt plays key role in peace process

The United States has a major interest in keeping good and well-grounded ties with Egypt so as to invest the key Egyptian role in the Arab World, a US report indicated.

The report, issued by the US Congress on Egypt-US relations said the ties between the two countries are a key ingredient for stability in the region.

Calling for boosting ties with Egypt, the US-Congress said Egypt is a pivotal country in the region with influence in the Arab and Islamic world, Africa and third world.

The report centered on the importance of developing the economic and military cooperation with Egypt and of keeping up the peace accord between Egypt and Israel as well as achieving peace for all parties.

Praising President Mubarak's role in peace process, the US Congress said President Mubarak is playing a leading role to help Syria, Lebanon, Jordan and the Palestinians.

President Mubarak hosted the negotiations in Cairo, Sharm E1 Sheikh and Taba, offering advices and consultations to the parties concerned.

Referring to Egypt's economic reform policy, the US Congress said this policy is governed by the Egyptian circumstances which define the level of economic reform steps.

The new US administration is encouraging the economic reform in Egypt, the report indicated.